Short Interest Filing: What’s Propelling City Holding Company (NASDAQ:CHCO) After Higher Shorts Reported?

November 29, 2016 - By Nellie Frank
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The stock of City Holding Company (NASDAQ:CHCO) registered an increase of 2.08% in short interest. CHCO’s total short interest was 950,700 shares in November as published by FINRA. Its up 2.08% from 931,300 shares, reported previously. With 54,000 shares average volume, it will take short sellers 18 days to cover their CHCO’s short positions. The short interest to City Holding Company’s float is 6.61%. The stock decreased 1.76% or $1.09 during the last trading session, hitting $60.9. City Holding Company (NASDAQ:CHCO) has risen 21.46% since April 26, 2016 and is uptrending. It has outperformed by 16.20% the S&P500.

City Holding Company is a financial holding company. The company has a market cap of $914.53 million. The Firm conducts its principal activities through its subsidiary, City National Bank of West Virginia . It has a 18.1 P/E ratio. City National provides banking, trust and investment management and other financial solutions through its network of approximately 85 banking offices located in the states of West Virginia, Virginia, eastern Kentucky and southeastern Ohio.

Insitutional Activity: The institutional sentiment increased to 1.8 in 2016 Q2. Its up 0.57, from 1.23 in 2016Q1. The ratio is positive, as 7 funds sold all City Holding Company shares owned while 36 reduced positions. 8 funds bought stakes while 45 increased positions. They now own 8.46 million shares or 6.31% less from 9.03 million shares in 2016Q1.
Brandywine Global Investment Mgmt Ltd Liability Corp accumulated 46,587 shares or 0.01% of the stock. California State Teachers Retirement accumulated 30,596 shares or 0% of the stock. First Trust Advsr Ltd Partnership owns 36,013 shares or 0.01% of their US portfolio. First Citizens Retail Bank, a North Carolina-based fund reported 8,088 shares. Gsa Prtnrs Llp last reported 8,513 shares in the company. Comerica State Bank holds 0.01% of its portfolio in City Holding Company (NASDAQ:CHCO) for 14,956 shares. Aqr Capital Mgmt holds 0% or 25,262 shares in its portfolio. Wfg Advisors L P has 310 shares for 0% of their US portfolio. Schroder Invest Mngmt Group accumulated 5,928 shares or 0% of the stock. California Employees Retirement Systems holds 0.01% or 73,304 shares in its portfolio. Walthausen And Llc holds 1.01% of its portfolio in City Holding Company (NASDAQ:CHCO) for 213,752 shares. Capital One Natl Association has 10,921 shares for 0.04% of their US portfolio. Scotia Capital Inc has 7,808 shares for 0.01% of their US portfolio. Zebra Mngmt Ltd Liability owns 8,955 shares or 0.14% of their US portfolio. Teachers Advsr Incorporated holds 0% of its portfolio in City Holding Company (NASDAQ:CHCO) for 26,772 shares.

Insider Transactions: Since November 10, 2016, the stock had 0 buys, and 3 sales for $901,116 net activity. $289,820 worth of City Holding Company (NASDAQ:CHCO) shares were sold by HAGEBOECK CHARLES R. On Thursday, November 10 the insider DERITO JOHN A sold $311,300. The insider STILWELL CRAIG G sold $299,996.

City Holding Company (NASDAQ:CHCO) Ratings Coverage

Out of 3 analysts covering City Holding Company (NASDAQ:CHCO), 0 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 0 are positive. City Holding Company has been the topic of 5 analyst reports since August 12, 2015 according to StockzIntelligence Inc. The company was upgraded on Wednesday, August 12 by Zacks. The rating was initiated by Stephens with “Equalweight” on Friday, January 8.

CHCO Company Profile

City Holding Company, incorporated on March 12, 1981, is a financial holding company. The Firm conducts its principal activities through its subsidiary, City National Bank of West Virginia (City National). City National provides banking, trust and investment management and other financial solutions through its network of approximately 85 banking offices located in the states of West Virginia, Virginia, eastern Kentucky and southeastern Ohio. City National offers various services and products, including commercial banking, consumer banking, mortgage banking, and wealth management and trust services. City National provides credit, deposit and investment advisory services and products to rural and small community markets in addition to cities, including Charleston, Huntington, Martinsburg, Winchester, Staunton, Virginia Beach, Ashland and Lexington.